New Forex Software Fexobot Launched by UAE’s Avenix Fzco
With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.
Technological developments are constantly changing the environment for traders looking to get an advantage in the dynamic world of foreign exchange trading. Avenix Fzco, headquartered in Dubai, UAE, is a financial technology firm that has just released Fexobot into the market. A new player in the market for automatic trading solutions, this forex robot is tailor-made for trading gold on the MetaTrader 4 platform.
Fexobot, which has been developed and refined for a long time (from 2016 to the current day), is designed to help traders understand the intricacies of the gold market. This software program provides traders with a complete bundle for their gold trading pursuits. It focuses on the H4 timeframe and combines a range of technical indicators and risk management capabilities.
Fexobot employs several technical indicators to spot patterns in the gold market. These include Fractals, Moving Averages, and Momentum. The app’s features are customizable via several settings that traders can access.
One tactic the Forex robot uses is finding levels of support and resistance on the fly. When these levels are detected, orders to BUY or SELL are placed. Following the activation of an order, Fexobot may add further deals in the trend direction if market conditions seem suitable.
Fexobot incorporates risk management features, including Stop Loss and Take Profit levels for all trades. Users can customize these settings, with options for indicator-based Stop Loss, BreakEven adjustments, and a Trailing Stop function.
The software provides customizable
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